California Prop 90 Update!

September 1, 2010 · Mark Hasha · Comment here

California’s Prop 90 allows a home owner in California to sell their home, buy a replacement property in a participating county, and move a lower prop 13 based tax value from their old home to the new county for the purpose of home tax assessment. It allows the adjusted base year value of the original (sold) property to be transferred to the newly purchased or constructed home if eligibility requirements are met.There are some restrictions like the claimant or claimant’s spouse must be at least 55 years of age. The replacement property must be your principal residence and must be eligible for the homeowners’ exemption.

Participating counties are Alameda, Orange, San Mateo, Ventura, Los Angeles, San Diego, Santa Clara and now, El Dorado County.

There are also purchase price restrictions on the new replacement property. Read more

Brisbane – Missing the Boat…

August 15, 2010 · Kathy Wall · 4 Comments

Many home buyers and Realtors are missing the boat when it comes to a nearby town that offers great weather, lots of amenities and darned good real estate prices. I’m talking about the little community of Brisbane. It is located 10 minutes (or less, if you drive like me!) from the airport and is only 10 minutes to downtown San Francisco. Yet, hardly anyone even knows of it’s existence.

Brisbane is a hidden gem here on the Peninsula. It is located on the side of San Bruno Mountain between San Francisco and South San Francisco. There are only 3,597 residents, which makes it one of the smallest communities in the area. It is very unlike your typical suburb in that it has a hodgepodge of all types of architecture, from shacks to mansions, with very few ranch style homes. Many of the homes have great views of the Bay and downtown San Francisco.

The people of the community are almost as diverse as the architecture. Living in the town are world renowned film makers, rocket scientists, artists and musicians…all living happily amongst all of us regular folks. Brisbane is known as the “City of the Stars” because for over 65 years the residents have put up stars on their homes during the holiday season and even have a “Festival of Stars” each year. Read more

Loan Modifications – They Can Be Done! Lots of Patience Required!

July 14, 2010 · Kathy Wall · 3 Comments

I haven’t blogged in a long time, partially because I’ve been super busy with work, but also because I’ve been so wrapped up and worried about a loan modification that I had been trying to get on my house since 2008. Yes… I said 2008!

This has been one of the most frustrating and stressful experiences of my life. As mentioned, I started talking with the bank in late 2008. Around July of 2009, they told me that I had qualified for a certain type of loan modification. They gave me my new payment amount and I started paying that amount. I paid them faithfully every month thereafter. I was concerned, however, because I never received any formal paperwork and, because real estate is my job, I knew something had to be wrong. I called them constantly and they kept telling me there was no problem, everything was “in process.”

I believe it was in January this year that I returned home to find a letter from the bank in my mailbox. The letter indicated that I was in default and that if I didn’t pay them $35,000 by a certain (very near) date, they would start foreclosure proceedings. Needless to say, I freaked out. Read more

Tony’s Auto & Katrina Recovery

July 8, 2010 · Shokoofeh Nowbakht · 3 Comments

5 years ago Hurricane Katrina hit Gulf of Mexico. As a category 5 hurricane, with estimated winds of 175 mph became one of the most destructive storms. August 24-28, 2010 is the 5th Anniversary Build-a-Thon in New Orleans. 100,000s of volunteers have donated their time and money to rebuild New Orleans. New Orleans Area Habitat for Humanity (NOAHH) plans to build 5 homes for 5 families during this 5-day period. Jessica Harders, daughter of Dave Harders of Tony’s Auto, along with 4 friends, are headed to rebuilding the city. Their trip will cost them $700. You can help by taking your car to Tony’s Auto on Sundays from now till August 10, 2010. You’ll get a free smog certificate (usually charged $8) and the total proceeds will go toward this trip.
Tony’s Auto is located at 601 Kains Ave. in San Bruno. (MAP). (650) 588-6719.
See how easily you can help!

Shokoofeh Nowbakht
www.shokoo.com

Prudential Ca. Realty Gives Locally

July 7, 2010 · Lee Ginsburg · Comment here

Prudential California Realty is more than just Real Estate Company. We in the San Bruno office are a group of very giving and caring local people with lots of knowledge and experience in Real Estate. A portion of each transaction is donated to Shelter Network in San Mateo, each year we adopt a family from San Bruno, South San Francisco or Millbrae for Christmas, one of our agents feeds the homeless monthly, another agent is continuously baking cookies to raise money for Cancer, others walk miles for their causes and we all graciously chip in. It is an honor to work with people who care.

As the premiere real estate company in the area, Prudential Ca. Realty San Bruno realizes the importance of schools. Prudential California Realty recently awarded grants to local teachers from Brisbane, South San Francisco and Daly City. With school fiancés drastically cut this year these grants were greatly appreciated. The grants are awarded to teachers whom made an exceptional contribution to their students last year.

My wife is a teacher and I know that most teachers contribute to their students. Unfortunately we can’t reward all of them. I will say all teachers are appreciated.
This year the following teachers were awarded grants:
Brisbane        Lynn Howe                 Brisbane Elem.
Daly City       Jane Chang                Junipera Serra
SSF              Feleciana Stevenson   El Camino High
                   Ray Galela                 El Camino High
                   Meg Milana                SSF High
                   Joslyn Negherbon       Westborough Mid.
                   Cheri Howard            Westborough Mid.
Congratulations to the winners and Thank You to all teachers.

When thinking about Real Estate contact the Local company that gives back locally.

Click or copy and paste the link to read more. http://www.prurealty.com/ssc/company_information/press_releases/Ed%20Foundation%20Release%20-%20San%20Mateo%20County%20-%202010.pdf

“I Have My Newborn in a Drawer!” And Other Tips On Balancing a Real Estate Career with Motherhood.

April 6, 2010 · Karin Cunningham · 3 Comments

I write this post to encourage those, who would like to have a successful career in real estate AND have a family, to give it a try. It can definately be done!

December 20, 1999 was the day my first child was born! I lived in a studio condo that my husband and I had recently bought in San Bruno. He worked in a hotel as a waiter and worked most evenings and weekends! I was a new real estate agent with just one year in the business. I wondered how I was going to pull off a successful career with a newborn!

I made a pit stop at my office in San Bruno on the way home from the hospital to pick up a cradle for the new baby boy. He was a month early so I hadn’t even made a nest! Luckily, I had a friend who brought me her hand me down cradle for him to sleep in. I looked pretty funny walking in my office to pick it up in a hospital gown and bracelet still on my wrist! That was the day that I realized that I was going to make it in this business, baby or no baby! I could take the ridicule of looking funny and winging it when time didn’t allow preparation as long as I kept moving forward. Read more

Good News! Good Bay Area Real Estate News!!!

March 31, 2010 · Lee Ginsburg · 4 Comments

A lot of positive bills, thoughts and activities have been happening on the Bay Area Real Estate Front. I have been trying to write this for a while. Each time I sit down to write there is more I have to add to it. That is a good problem. So exciting! Enjoy the Good News.

Home Buyer’s Delight
You can still get the federal Home Buyer Credit of $8000 for the first time buyer or $6500 for the move up buyer. You must be in contract by the end of April and close by the end of June.
For additional information: http://www.irs.gov/newsroom/article/0,,id=204671,00.html

Because California Home Buyers are special Governor Schwarzenegger signed into law a State credit for home buyers. I personally think this program is great. It helps many people purchase their first home and it puts people to work. A Win-Win!!!
Under the provisions, the bill: Read more

California School Budget Cuts Affect Homeowners!

March 15, 2010 · Karin Cunningham · 2 Comments

: Save Our Schools Daily Journal Pic

I attended an insightful meeting the other night of PTA/PTO Presidents in San Bruno. I learned that ALL of the public schools in California are expecting a lot of teacher and counselor layoffs next week. San Bruno’s only middle school, Parkside Intermediate will possibly have the most layoffs cutting out music (they have an awesome marching band), art, leadership, counseling, and more. Our elementary schools will have no art, music, PE, large classroom sizes of 30+ kids per class, no English tutoring, GATE programs, loss of funds to improve libraries and to supply instructional material like BOOKS and one school, I hear, will loose up to 7 teachers, leaving them with 4!! Read more